New L E a P S Academy Inc

Analysis

New L E a P S Academy Inc is a registered charity in United States, based in Wesley Chapel, FL. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New L E a P S Academy Inc reported income of $384k and spending of $408k, spending 106% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income fell from $421k to $384k (-8.9%), an average of -2.3% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New L E a P S Academy Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Arts for the Schools ($384k), Great Lakes Center for Education Research and Practice ($384k) and The Cheryl Rabine Foundation ($384k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.6% and program service revenue 90% of the total. Other salaries and wages came to $273k. At year end it held assets of $200k against liabilities of $188k, net assets of $12k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.